Arab Today, arab today china\s consumer inflation grows 55in oct
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

China\'s consumer inflation grows 5.5 % in Oct.

Arab Today, arab today

Arab Today, arab today China\'s consumer inflation grows 5.5 % in Oct.

Hong Kong - Yonhap

China\'s consumer prices grew 5.5 percent on-year in October, government data showed Wednesday, suggesting inflation in the world\'s No. 2 economy may have peaked. The growth rate of the country\'s consumer price index was down from 6.1 percent in September, according to the data released by the National Bureau of Statistics. It was first time in five months that the figure fell below the 6 percent mark. Food prices rose 11.9 percent on-year in October, compared to 13.4 percent in the previous month. Meanwhile, China\'s producer price index, a major measure of inflation at the wholesale level, rose 5 percent on-year last month, lower than a 6.5 percent increase last month. Many market watchers surmised that China\'s inflationary pressures have started to ease significantly from October as the country\'s financial tightening took effect. To curb the country\'s persistent inflation, the central People\'s Bank of China has raised the benchmark interest rate three times this year, while increasing the amount of money banks must keep in reserve a total of six times. China is not expected to relax its monetary policy this year as the inflation rate for the whole of 2011 is expected to be higher than 5 percent. \"The moderate cooling of mainland (China\'s) inflation continues, leaving room for Beijing to push on with selectively easing. But until CPI inflation drops below 4 percent, we think a U-turn in monetary policy or cross-board easing unlikely,\" said Qu Hongbin, chief China economist at HSBC.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s consumer inflation grows 55in oct Arab Today, arab today china\s consumer inflation grows 55in oct

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s consumer inflation grows 55in oct Arab Today, arab today china\s consumer inflation grows 55in oct

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday